Designed exclusively for track use — they will not be street-legal, Ford says — the so-called FR500C is expected to become available in August at select dealerships for $125,000.

They will be assembled by Toronto-based Multimatic Motorsports and will be powered by Ford Racing's 5.0-liter "Cammer R50" V-8 engine that will generate more than 400 horsepower and 400 pound-feet of torque. The engine will feature the same cylinder heads found in the $140,000 Ford GT supercar, the story said.

The Mustangs are designed to compete on the Grand-Am Cup road-racing circuit.

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